The company has registered its first five-year program.
The issuance has been rated BBB- (Investment Grade) by Ethifinance and is backed by guarantees from a portfolio of renewable energy projects.
The funds from the program will allow Greening to continue advancing its 2024–2026 business plan, as well as diversifying its financing sources.
Greening, a global and diversified company focused on renewable energy generation, project construction, and commercialization, has registered its first green bond issuance program on MARF (BME’s Alternative Fixed Income Market), with a limit of €30 million over five years.
Through this new program, the group will gain access to financing terms of up to five years, enabling the company to minimize and optimize financing costs, while continuing to advance its 2024–2026 business plan, which set a target of 800 MW in operation by the end of 2026. The plan, presented in May 2024, is driving the firm’s geographic, technological, and business line diversification, strengthening its resilience against potential market slowdowns.
This issuance is rated BBB- (Investment Grade) by Ethifinance. The rating agency also updated the company’s corporate rating in December, maintaining its “BB” rating with a stable outlook. The issuance rating stands two notches above the corporate rating due to the guarantees provided by a renewable energy project portfolio and an adequate multi-level financial commitments structure.
For this issuance, Greening relied on Renta 4 Banco as the program’s registered advisor, placement entity, and payment agent.